A Small Dollar Loan is Your Personal Safety Net

When you find yourself in need of a loan, your two options are no longer choosing between visiting a financial advisor at a bank and applying for a payday cash advance that you can’t afford. Direct online lenders have revolutionized the way you can secure loans, forgoing the complex bureaucracy of banks and the financial risks of payday loans. Striking a perfect middle ground of convenience and responsibility, direct online lenders should be your primary source for when the budget gets tight.

Unlike financial institutions and other loan sources, direct online lenders require no other company to facilitate your loan. When you apply, they don’t send off your information to another organization and have to wait for their approval. As the very same company that approves and facilitates your loan, direct online lenders can get you access to necessary cash faster than other alternatives.

In addition to speed, convenience is their main advantage. You can apply from the comfort of your own home by visiting their website. The application itself is relatively simple, requiring specific information to prove you are indeed an American citizen, over the age of 18, with a valid bank account and email address. A review of your application is almost instantaneous, as you be qualified for a loan as soon as you click ‘submit’. Once approved, you need only wait a little longer, as you can expect your approved loan limit to be deposited in your account within one business day. It’s just that easy.

For first time users, the limit is smaller to provide manageable financial assistance. Any lender that’s willing to approve you for thousands of dollars right away should be approached with caution; rather, a company that starts you off at loans beginning at $200 are preferable. After good standing and proof that you can handle a larger sum, your limit can be increased as high as $1,000. Regulated loans like this ensures you never borrow out of your means and or start to rely on these loans for long-term goals. Direct online lenders should only be contacted when small amounts of money are needed to attain short-term goals.

As with any other business online, there are direct online lenders that are legitimate and then there are others that want to scam you out of your hard earned money. You have to do your due diligence in finding a credible lender that provides you with responsible (and flexible) lending options, online protection, and reliable customer service. A great way to find this information is spending time on direct online lenders’ websites. Look to see if their licensed to lend money in your state. MoneyKey is a direct online lender that’s rapidly growing in the US, they are currently fully licensed in 9 states. As a member of the Online Lender’s Alliance (OLA) and Community Financial Service Association of America (CFSA), they are committed to lending responsibly.

Don’t waste your time or your money by contacting banks and payday cash advance companies in your time of need. Convenient loans with realistic repayment terms are youranswer when you find yourself temporarily short. State licensed direct online lenders can help find the right loan for your financial situation.

Richard is the chief author of this blog. He worked as a financial advisor in money market form last 10 yrs. His financial sense in Share trading and any other trading is just outstanding. He just shares his knowledge and experience through this blog. You can contact him directly though CFD-Providers.com.